2220 Market StSeattle, WA 98107

This exceptional mixed-use property, the Kress Building, located at 2220 NW Market St, Seattle, WA 98107, presents a compelling investment opportunity. Built in 1927 and extensively renovated in 2023, this two-story building boasts 20,067 square feet, encompassing 15,475 square feet of net rentable space across 19 units. The property features a blend of retail and office spaces, including six recently completed micro-loft office suites, perfectly suited to the vibrant Ballard submarket. Recent improvements exceeding $600,000 include new retail space on Market Street, upgraded plumbing and electrical systems, and new entrances on NW Market Street and NW 56th Street. Four new leases have been signed in the last three months, demonstrating strong tenant demand. The 0.23-acre lot is zoned NC3, offering flexibility for future development. This turnkey investment, priced at $6,585,000 ($328.15/sq ft), is ideal for a 1031 exchange, allowing for self-management and immediate income generation, with further upside potential through leasing remaining vacancies and aesthetic enhancements. The property's King County APN is 2767701030.